Bill
Bill > SB2273
summary
Introduced
02/02/2026
02/02/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, increases from three to five business days the minimum notice period a buyer engaging in wholesaling real property must provide to the seller regarding the effective date of an assignment of the buyer's interest. - Amends TCA Title 66.
AI Summary
This bill amends Tennessee law concerning real property by increasing the minimum notice period a buyer must provide to a seller when engaging in "wholesaling real property," which is a practice where a buyer contracts to purchase a property and then sells their right to buy that property to another buyer before they actually close on it themselves. Specifically, the bill changes the required notice period from three business days to five business days, ensuring sellers have more time to be informed about the effective date of the assignment of the buyer's interest in the property.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Senate Revenue Subcommittee Of Finance, Ways & Means Hearing (00:00:00 3/3/2026 Cordell Hull Building) (on 03/03/2026)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=SB2273&ga=114 |
| Fiscal Note - SB2273 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB2273.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB2273.pdf |
Loading...